Savannah morning news. [volume] (Savannah) 1868-1887, 1887-02-02
WAR PRICES IN EUROPE
PRICES COLLAPSE ON ALL THE
LEADING EOURSES.


Trading, But Everybody Feverish
With Excitement - France and Ger
many Both Considering Strstegic
Lines Along The Frontier-The Rhine
land's Reserves
BERLIN, Feb. 1.-Emperor William
to-day gave audience to the President OF
the Prussian Landtag, and in the course
of his remarks said "Once before we
had to dissolve the Reichstag owing to
its refusal to vote an army bill, and then
the differences between the government
and the Parliamentary majority were
only brought to an end by foreign war"
Under the budget 115, ,480 reserves are
| to be drilled in the use of the repeating
rife in the following order: 91,300 for II
days, 1913 for At days and POO tor 56
days.
The opening OF the new Relchstag is
fixed for March 10.
On the Bourse to-day there was total
collapse of prices. The advices from
| Paris and Vienna caused intense excite
ment, Prussian consols fell 1 per cent,
Italian Ia per cent, Russian IL per
cent, ana Hungarian gold rentes per
cent. Austrian credit has lost 10 marks.
LOOKS VERY sQUALLY.
Iue ColORhe 6a2elJe, III an arLlcle
headed "Are the War Apprehensions
pairing to form in the shortest
time possible, in the event OF
war in the spring, strategetioal
line which she delayed forming
in 1870. Germany must therefore either
take needtul counter measures or sum-
| mon France 10 reduce her frontier gar
risons. The Gazette further announces
that the government will take the neces-
sary steps to prevent Alsace and Lor-
raiDe from being overrun by French
troops Immediately after a declaration OF
war.
GERMANY'S RESERVES.
The Berlin Tagbiatt confirms the an
nOuncement OF the calling out of the re-
serves and says that the drilling of the
men will be begun in the Western pro-
vinces.
Frenchmen travelling into German
Lorraine are stopped on the frontier and
sent back unless they can prove
| that they are not liable to
military service. The governments mo-
tive in doing this is to prevent possible
future soldiers from gaining knowledge
of the topography of the annexed prov
inces.
A dispatch from Paris TO the Pesther
Lloyd says: president Grevy and Pre-
mier Goblet are making superhuman eff
forts to prevent the outbreak OF war"
The Berlin POSTS article Yesterday on
the situation in France has produced a
profound sensation throughout Europe.
A PANIC AT PARIS.
| PARIS, Feb. 1.-At 2:30 O'Clock this af-
| ternoon panic prevailed on the Paris
Bourse, owing to the situation ofthe polIti-
| cal affairs in France and in other Euro
pean countries. Three per cent rentes
were quoted at 77t. and 70c., a decline of
| If. and 6712c. from the closing quotation
yesterday.
A better feeling set in on the Bourse to-
| ward the close, and per cent. rentes re-
covered SEC. from the lowest point of the
day, the closing official quotations being
! III. and soc.
The excitement on the Bourse to-day
| was caused by the article In Yesterdays
Berlin Post headed son the edge OF the
knife" and describing Gen. Boulanger as
master of the situation in France and as
| being unable to lead the people back TO
the path OF peace, etc. During the con-
tinuance Of the panic stocks were eagerly
pressed for sale.
La France publishes a statement ema-
mating from NJ. de Freycinet repelling the
charges which have been made against
Gen. Boulanger and praising him for his
steadfast endeavors to fulfill his duties
with strict respect for the government
decisions. whatever opinion may be
entertained of Gen. Boulanger's charac-
ter" the article concluded, sit is no lon
ger time to discuss his influence. 1t is
absolutely necessary to stand by him and
support him."
AT THE SETTLEMENT.
On the Bourse there was intense ex-
element at the settlement. The market
was almost paralyzed. The panic was
partly due to distrust Of the position of
dealers. Those whose credit was not Of
the highest class were only able TO
carry over Tentes at ruinous rates.
COntangOes on 3 per cent. rentes ranged
from 45c. TO 6Jc. The latest quotation OF
3 per cents IS 77f. Soc, against 79f. 60c.
yesterday. Italian rentes declined II.
95c., credit Foncier 6jf., Ottoman Bank
2lf., and Suez canal 2jf.
HUNGARIAN FEARS.
PEsTH, Feb. 1.-The Pesther Lloyd says
ii fears that the negotiations pending
between Russia and the Porte, concern
ing Bulgaria, were Initiated by the Car
merely TO gain time to prepare for an in
vasion OF Bulgaria.
1t is officially stated that the military
credit to be submitted TO the Hungarian
delegation by the government is for
2j,000,0 900 forms. The expectation OF
horses from Hungaria will be prohibited
after Saturday next.
LONDON PANICKY,
LONDON, Feb. IA panic prevailed on
the Stock Exchange to-dey, slightly
abating toward the close. Throughout
the day orders to sell poured in from the
Continent, and only buying by Eng
lish operators prevented an ex-
treme fall in values. Business
after the official close was active. The
street was excited over reports OF inn
pending failures Of many Paris dealers
which would involve English houses.
The latest quotations showed decline
for the day Of "a in Hungarian securities,
19<3in italian 81, IA in Spanish AS and
II in Turkish, Russian and French se-
curties.
England's Transatlantic Mails.